BCGM Wealth Management LLC Invests $1.16 Million in iShares Gold Trust (NYSEARCA:IAU)

BCGM Wealth Management LLC acquired a new position in iShares Gold Trust (NYSEARCA:IAU) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 23,373 shares of the exchange traded fund’s stock, valued at approximately $1,157,000.

Several other institutional investors have also recently made changes to their positions in the company. World Equity Group Inc. acquired a new stake in iShares Gold Trust during the fourth quarter worth $238,000. Delta Financial Group Inc. purchased a new stake in shares of iShares Gold Trust during the 4th quarter worth $239,000. Wealthgarden F.S. LLC boosted its holdings in iShares Gold Trust by 36.2% in the fourth quarter. Wealthgarden F.S. LLC now owns 16,709 shares of the exchange traded fund’s stock valued at $827,000 after purchasing an additional 4,438 shares in the last quarter. Sigma Investment Counselors Inc. grew its holdings in shares of iShares Gold Trust by 2.4% during the fourth quarter. Sigma Investment Counselors Inc. now owns 232,252 shares of the exchange traded fund’s stock worth $11,499,000 after purchasing an additional 5,482 shares during the last quarter. Finally, MONECO Advisors LLC increased its holdings in shares of iShares Gold Trust by 3.2% in the 4th quarter. MONECO Advisors LLC now owns 13,861 shares of the exchange traded fund’s stock valued at $686,000 after acquiring an additional 436 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Down 0.1 %

Shares of NYSEARCA IAU opened at $55.39 on Monday. iShares Gold Trust has a 1-year low of $38.21 and a 1-year high of $55.60. The stock has a fifty day moving average price of $51.75 and a 200 day moving average price of $50.20.

About iShares Gold Trust

iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust.